TC Hotels is set to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) today, January 29, 2025, following its demerger from ITC Limited. This move marks a significant milestone for the hospitality company as it begins trading as an independent entity.
The demerger was effective from January 1, 2025, with January 6 as the record date, and ITC shareholders were allotted one ITC Hotels share for every ten ITC shares held.
Expected Listing Price
Market experts have provided various estimates for ITC Hotels’ expected listing price:
- Nomura expects the stock to list between ₹200 and ₹300 per share, valuing the company at approximately ₹42,500 crore to ₹60,000 crore.
- Nuvama Wealth predicts a ₹150-₹175 per share listing price.
- SBI Securities has given a broader range, expecting the stock to list between ₹113 and ₹170 per share.
The stock’s listing price will be confirmed during today’s trading session, and investors are closely watching to assess its valuation as a standalone entity.
Trading and Index Adjustments
Following the listing, ITC Hotels will trade in the ‘Trade-for-Trade’ segment for 10 trading days. Initially, it will be part of the Nifty 50 and BSE Sensex indices for three days, after which it will be excluded. However, if the stock hits the upper or lower circuit, its exclusion from these indices will be postponed by two days per circuit hit.
The market’s reaction to ITC Hotels’ listing will be crucial in determining investor sentiment and the company’s position in the hospitality sector.
Disclaimer:
The information provided in this article is for informational purposes only and does not constitute financial or investment advice. Stock market investments are subject to market risks. Investors are advised to conduct their own research or consult a certified financial advisor before making investment decisions. Business Upturn is not responsible for any financial losses incurred based on this article.
